Lead futures down 0.5%

Lead prices edged lower by 0.49% to Rs 131.85 per kg in futures trade today after speculators reduced their exposures amid a weak trend in the entire base metals overseas and subdued spot demand.

 

At the Multi Commodity exchange, lead for delivery in December shed 65 paise, or 0.49%, to Rs 131.85 per kg in business turnover of 10 lots.

 

Likewise, the metal for delivery in November declined by 55 paise, or 0.42%, to Rs 130.45 per kg in a turnover of 290 lots.

 

Market analysts said besides subdued domestic demand from battery-makers, a weak trend in base metals at the London Metal Exchange mainly put pressure on the lead futures here.